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Energy Vault and Jupiter Power Announce New Agreement for Battery Energy Storage System in Texas

LCG, June 4, 2025--Energy Vault Holdings Inc. (Energy Vault) and Jupiter Power (Jupiter) today announced the signing of an agreement for the supply of an additional battery energy storage system (BESS) at a Jupiter site in the Electric Reliability Council of Texas (ERCOT) region. The initial BESS project, located near Fort Stockton, Texas, was completed in July 2024, with a storage capacity 100 MW/200 MWh. The new BESS project will add another 100 MW/200 MWh of capacity. Construction has commenced, and the project is expected to achieve commercial operations by the end of this summer.

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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

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Industry News

Davis-Besse Receives Approval for Restart

LCG, Mar. 8, 2004--The Davis-Besse nuclear power plant, situated beside Lake Erie near Toledo, Ohio, may be restarted by FirstEnergy Corp. following an extended shutdown during which the plant's reactor lid was replaced.

The Nuclear Regulatory Commission gave notification of its approval of the restart today, following review of FirstEnergy's confirmation that it would agree to certain conditions for operation of and safety procedures at the facility. According to statements by regulatory officials at a meeting last month, progress had been made at Davis-Besse since an inspection in December reportedly turned up a number of items raising concern.

During the year-long shutdown, FirstEnergy, which was criticized for weaknesses in its management and safety culture, purchased replacement power at a cost of $600 million.
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